FourThought Financial LLC Acquires 1,016 Shares of M/I Homes, Inc. (NYSE:MHO)

FourThought Financial LLC boosted its holdings in shares of M/I Homes, Inc. (NYSE:MHO – Get Rating) by 33.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,090 shares of the construction company’s stock after purchasing an additional 1,016 shares during the quarter. FourThought Financial LLC’s holdings in M/I Homes were worth $148,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Donald Smith & CO. Inc. raised its holdings in M/I Homes by 4.9% in the 2nd quarter. Donald Smith & CO. Inc. now owns 2,084,757 shares of the construction company’s stock valued at $82,681,000 after acquiring an additional 97,761 shares in the last quarter. Vanguard Group Inc. raised its holdings in M/I Homes by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 1,957,106 shares of the construction company’s stock valued at $86,798,000 after acquiring an additional 19,575 shares in the last quarter. Towle & Co raised its holdings in M/I Homes by 17.3% in the 2nd quarter. Towle & Co now owns 603,148 shares of the construction company’s stock valued at $23,921,000 after acquiring an additional 88,980 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in M/I Homes by 41.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 496,120 shares of the construction company’s stock valued at $19,676,000 after acquiring an additional 146,345 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in M/I Homes by 48.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 454,657 shares of the construction company’s stock valued at $16,472,000 after acquiring an additional 148,882 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

MHO has been the subject of several recent research reports. Wedbush upped their price target on M/I Homes from $63.00 to $73.00 and gave the company an “outperform” rating in a report on Monday, February 6th. StockNews.com started coverage on M/I Homes in a research note on Thursday. They issued a “strong-buy” rating on the stock.

M/I Homes Trading Down 0.2 %

MHO stock opened at $58.78 on Friday. M/I Homes, Inc. has a 1-year low of $34.33 and a 1-year high of $64.68. The firm has a market cap of $1.63 billion, a P/E ratio of 3.40 and a beta of 1.88. The business’s 50 day moving average is $57.54 and its 200-day moving average is $47.73. The company has a current ratio of 5.66, a quick ratio of 0.93 and a debt-to-equity ratio of 0.45.

Insider Activity

In other news, CFO Phillip G. Creek sold 17,009 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $60.00, for a total value of $1,020,540.00. Following the sale, the chief financial officer now directly owns 6,513 shares in the company, valued at approximately $390,780. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Phillip G. Creek sold 17,009 shares of the business’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $60.00, for a total value of $1,020,540.00. Following the transaction, the chief financial officer now directly owns 6,513 shares of the company’s stock, valued at approximately $390,780. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert H. Schottenstein sold 2,220 shares of the business’s stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $61.96, for a total value of $137,551.20. Following the completion of the transaction, the chief executive officer now directly owns 83,492 shares in the company, valued at $5,173,164.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,147 shares of company stock worth $2,404,310. Company insiders own 3.60% of the company’s stock.

M/I Homes Profile

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M/I Homes, Inc engages in the construction and development of residential properties. It operates through the Homebuilding and Financial Services segments. The Homebuilding segment includes Northern and Southern Homebuilding which designs, markets, constructs, and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers.